Capital Markets

Company Overview of Baronsmead VCT 2 plc

Company Overview

Baronsmead VCT 2 plc is a venture capital trust managed by ISIS Equity Partners LLP. It invests in a portfolio of unquoted companies in the United Kingdom, which raise expansion capital or are the subject of a management buy-out or buy-in. The trust primarily invests in the media, business services, consumer, information technology support services, and healthcare sectors. It also invests in companies raising new share capital on the Alternative Investment Market.

Baronsmead VCT 2 plc Key Developments

Baronsmead VCT 2 plc announced the interim dividend of 2.5 pence per share payable on June 19, 2015 to shareholders on the register on May 29, 2015. The ex-dividend date is May 28, 2015.
The company reported unaudited earnings results for the six months ended March 31, 2015. For the period, the company reported unrealized gains on movements in fair value of £629,000 against £8,383,000 a year ago. Income was £1,527,000 against £952,000 a year ago. Profit on ordinary activities before and after taxation was £1,287,000 against £7,322,000 a year ago. Return per ordinary basic share was 1.53 pence against 9.61 pence a year ago. Net asset value per share as at March 31, 2015 was 100.24 pence against 102.19 pence a year ago. Net cash inflow from operating activities was £250,000 against net cash outflow from operating activities of £404,000 a year ago.

Baronsmead VCT 2 plc reported audited earnings results for the year ended September 30, 2014. For the period, the company reported unrealised gains on movements in fair value of investments of £7,898,000 against £8,678,000 a year ago. Profit on ordinary activities before taxation was £8,090,000 against £10,325,000 a year ago. Profit on ordinary activities after taxation was £8,090,000 against £10,325,000 a year ago. Return per ordinary basic share was 8.71 pence against 13.88 pence a year ago. Net asset value per basic share as at September 30, 2014 was 98.62 pence against 100.63 pence a year ago. Net cash outflow from operating activities was £482,000 against net cash inflow from operating activities of £868,000 a year ago.

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